300k producer market cap 400million !!!, page-35

Steven
How does financing 250 million give them control of GDO. Are you suggesting a CN than can be executed for equity later. The other point is when GDO talk about the change in control they refer to an offer to all rusting shareholders, not simply 50 percent.

This is definitely a gold/ uranium play which is being assessed by some shareholders as a gold play only. The economics of gold extraction will change sunstantially with the uranium by product. Uranium is sold on longer term contracts so lower costs and thus higher margins can be locked in.

My task is to understand how uranium reserves and resources are priced. I think if people looked at this as a uranium
Gold play the move will make alot more sense.

GDO can finance this comfortably and can pay off through excess cash in about 3 years even if a cent wasn't made from these assets.
I can see the strategy. Let's see what the next moves are.